Topic: If you had 50K... (Read 1615 times)

Wow, there has been incredibly bad advice given in this thread.

1) Buy bitcoin asap.  Bitcoin investments generally pay very well, even if you could have saved 5% by buying a week later, you will most likely make that up in investments.
2) Deposit 50% in btct and get ready to invest.  This is an interesting time where all of the securities are waiting on hardware so you can expect the price to slowly drop over the next month.  I would buy labcoin @ .0013-.0014, Activemining @ .005-.0051 and Asicminer @ anything under 4

Labcoin is not really a long term investment, the upside here is buying low and selling high.  You can usually turn trades every couple of days for ~20% profit.
Activemining should have confirmation of NRE payment any day.  When that happens, expect the price to jump and stay over .006-.0065
Asicminer is very secretive about their future plans.  Friedcat is very aware of increasing network hasrate and is committed to keeping ~10% of the network moving forward.  Plan on .015/week dividends indefinitely.  This stock is undervalued at anything under 4btc.

3) Wait for cointerra to release their pricing.  If they come in around $3-$4/Gh, spend the rest on mining equipment.  With a January delivery and a decent entry price, you can count on doubling your money and ending up with equipment that will be profitable for longer than the competition.

A+++++ would listen to financial advice again

Wait until the ASIC price war starts. Then buy hookers and beer.

Before deciding what to do i would figure out how to get it all converted into BTC without harming the market and without risking not getting my BTC...

I would put 50k on bitfury units. They have chips that work they just need to mass produce them and you should get a ROI and if your lucky you might make a nice profit.

My opinion:

Buy 50k worth of bitcoins. We are assuming 50k USD right? Buy it privately from localbitcoins or someone who has a bunch, not through an exchange. Buy someone's AM shares or something on bitfunder, pay with cash, use escrow (John K, or Dabs, or anyone who does escrow.)

I'd probably spend about 5k on a small gym (barbell, plates, power rack) and a new laptop / desktop computer.

Mate a genuine piece of advice, listen to nothing here, read up, inform yourself. Do your own research and be responsible for your own decisions. Cryptogram was lucky, not necessarily sensible.

First off *if* you were even thinking of pre-ordering, inform yourself as to what IC design entails, and the difference between a CPU, a GPU, an FPGA, and an ASIC from dev to production.

Certainly read Satoshi's 8 page white paper.

Consider waiting to see what happens a month from now. It's a race for devs, not buyers.

Think if there is any other kind off useful service you could provide Bitcoin and retain passion for and consider that as well, as profit margins here will eventually come down to savings on electricity costs.

There's a huge amount of profitable opportunity bringing these currencies to the larger audience...

And before any purchase, ESP with pre-orders, ONLY use a credit card and ring your specific card issuer and confirm what consumer protection you have in case anything goes awry. Also check your own country's statutory rights and always read the Ts & Cs. Preferably visit in person as well...

Best of luck.

Smart enough to ask questions :-)

If you have 50 grand, than you don't need advice, unless you found them.
You are smart enough to know.

I would put the money into Bitcoin till it was all gone.

We did buy a KNC miner -- so maybe we're bright folk -- then again, maybe not.

Oh, you said invest. I though you meant gamble.

Sorry.

Where is this horserider

lol 5k is not were near enough to "diversify" between ASIC manufacturers

Bitfury I don't really trust.  HorseRider is selling less efficient units at the same price/GHash.  The minirig for sale on the forum would also ship now.

5k pure psyhical gold 1g
5k bitcoins
5k asicminer shares
5k other security shares
5k miners diversified, shared, knc, bitfury, hashfast, cointerra

10k Chf fiat
10k chinese yuan fiat
5k norwegian crons fiat

I would buy also anker hub, rPi and 9 erupters for fun/museum/kids

I'd buy from Bitfury and HorseRider if I had 50k.


HorseRider is selling 100+ Ghash/second units for 100 btc and shipping right now.

Bitfury...well I already ordered 5 units.

I'd put some Money in btc when it hits $50-75/btc price. 

50k into a site that offers a service that bridges mainstream consumer with a Bitcoin related niche in an untapped area that is in demand would be my advice...

There was a minirig for sale for $50,000 on the forum here... I'd buy that.

45.454k into bitcoin, 4.545k into litecoin

5k into BTC, 5k to mining, 40k into $20 silver.